Lazard Asset Management LLC Buys 3,953 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Lazard Asset Management LLC boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 346,698 shares of the industrial products company's stock after purchasing an additional 3,953 shares during the period. Lazard Asset Management LLC owned approximately 0.67% of Zebra Technologies worth $133,901,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ZBRA. Norges Bank acquired a new position in shares of Zebra Technologies during the fourth quarter worth $201,420,000. FMR LLC grew its holdings in Zebra Technologies by 181.1% during the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock valued at $299,585,000 after purchasing an additional 499,736 shares in the last quarter. Schroder Investment Management Group increased its stake in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after buying an additional 379,491 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Zebra Technologies during the fourth quarter valued at about $140,039,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Zebra Technologies by 434.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after acquiring an additional 322,475 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This trade represents a 0.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.84% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. UBS Group decreased their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Robert W. Baird boosted their target price on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Barclays decreased their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, Truist Financial cut their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $321.73.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded down $0.92 on Thursday, reaching $298.35. The stock had a trading volume of 442,146 shares, compared to its average volume of 457,324. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The business's 50-day moving average price is $258.54 and its two-hundred day moving average price is $337.63. The stock has a market cap of $15.33 billion, a P/E ratio of 29.31 and a beta of 1.74. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Zebra Technologies's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $2.84 earnings per share. On average, sell-side analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.